Achmea Investment Management B.V. Acquires 55,600 Shares of Exelon Corporation $EXC

Achmea Investment Management B.V. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 601,711 shares of the company’s stock after acquiring an additional 55,600 shares during the quarter. Achmea Investment Management B.V. owned 0.06% of Exelon worth $26,126,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in Exelon during the 1st quarter worth approximately $285,428,000. ATLAS Infrastructure Partners UK Ltd. lifted its holdings in Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after buying an additional 3,815,722 shares during the period. AQR Capital Management LLC lifted its holdings in Exelon by 506.9% in the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after buying an additional 2,603,959 shares during the period. Electron Capital Partners LLC purchased a new stake in Exelon in the 1st quarter worth approximately $117,274,000. Finally, GQG Partners LLC purchased a new stake in Exelon in the 1st quarter worth approximately $112,832,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Down 0.5%

Exelon stock opened at $46.15 on Thursday. The firm has a market cap of $46.61 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.93 and a beta of 0.40. The stock has a fifty day simple moving average of $45.32 and a two-hundred day simple moving average of $44.53. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

EXC has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. UBS Group raised their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. TD Cowen assumed coverage on Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price for the company. Finally, BTIG Research assumed coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.55.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.